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Corporate Accounting

Book Description

Corporate Accounting sets a new standard for the textbooks with rich pedagogy and an easy-to-understand approach that aims at equipping students with a solid grounding in the concepts in corporate accounting. The book is made up of independent chapters dealing with a particular aspect of corporate accounting. The text in each chapter is accompanied with illustrative material and many questions and problems for better grasp of the subject. It not only meets the requirements of the undergraduate students of different Indian universities but it can also be useful for the students of CA, CS, MBA and ICWA.

Table of Contents

  1. Cover
  2. Title page
  3. Contents
  4. Dedication
  5. Preface
  6. Chapter 1. Corporate Accounting (Company Accounts)—Issue of Share Capital
    1. 1.1 Definition
    2. 1.2 Characteristics of a Company
    3. 1.3 Kinds of Companies (or) Types of Companies
    4. 1.4 Privileges of a Private Limited Company
    5. 1.5 Documents
    6. 1.6 Share Capital
    7. 1.7 Differences Between “Capital Reserve” and “Reserve Capital”
    8. 1.8 Shares of a Company
    9. 1.9 Equity Shares
    10. 1.10 Management of Companies
    11. 1.11 General Meetings of the Company
    12. 1.12 Quorum
    13. 1.13 Voting
    14. 1.14 Resolutions
    15. 1.15 Floating of a Company (Forming A New Company)
    16. 1.16 Minimum Subscription
    17. 1.17 Issue of Shares
    18. 1.18 Accounting Treatment for Issue of Shares for Cash
    19. 1.19 Over-subscription
    20. 1.20 Under-subscription
    21. 1.21 Calls-in-arrears
    22. 1.22 Calls-in-advance
    23. 1.23 Issue of Shares from the Standpoint of Issue Price
    24. 1.24 Cash Book
    25. 1.25 More than one Type of Shares
    26. 1.26 Shares Issued for Consideration other than Cash
    27. 1.27 Forfeiture of Shares
    28. 1.28 Re-issue of Forfeited Shares
    29. 1.29 Employee Stock Option Plan
    30. 1.30 Issue of Bonus Shares
    31. 1.31 Rights Issue
    32. 1.32 Sweat Equity
    33. 1.33 Underwriting
    34. 1.34 Buy-back of Shares
    35. 1.35 Escrow Account
    36. Question Bank
  7. Chapter 2. Underwriting of Shares and Debentures
    1. 2.1 Underwriting—Definition
    2. 2.2 Underwriting Commission and Payment
    3. 2.3 Sub-underwriters
    4. 2.4 Brokers
    5. 2.5 Managers to the Issue
    6. 2.6 Applications—Marked, Unmarked and Firm-underwriting Applications
    7. 2.7 Types of Underwriting
    8. 2.8 Accounting Treatment
    9. Question Bank
  8. Chapter 3. Redemption of Preference Shares
    1. 3.1 Issue and Redemption of Preference Shares
    2. 3.2 Determination of the Amount of New Issue
    3. 3.3 Stages in Solving Problems
    4. Question Bank
  9. Chapter 4. Issue and Redemption of Debentures
    1. 4.1 Meaning and Definition of Debenture
    2. 4.2 Meaning of Some Terms
    3. 4.3 Types of Debentures
    4. 4.4 Differences Between Shares and Debentures
    5. 4.5 Debenture Trust Deed
    6. 4.6 Coupon Rate
    7. 4.7 Accounting for Issue of Debentures
    8. 4.8 Terms of Issue of Debentures
    9. 4.9 Interest on Debentures
    10. 4.10 Discount or Loss on Issue of Debentures
    11. 4.11 Loss on Issue of Debentures
    12. 4.12 Redemption of Debentures
    13. Question Bank
  10. Chapter 5. Acquisition of Business (Purchase of Business)
    1. 5.1 Factors Associated with Acquisition of Business
    2. 5.2 Determination of Purchase Consideration
    3. 5.3 Accounting Entries
    4. Question Bank
  11. Chapter 6. Profits Prior to Incorporation
    1. 6.1 Meaning
    2. 6.2 Accounting Treatment of Profits/Losses Prior to Incorporation in the Books of the Company
    3. 6.3 Methods of Ascertaining Profit or Loss Prior to Incorporation
    4. 6.4 Basis of Apportionment of Expenses
    5. 6.5 Advanced Problems—Professional Course Level
    6. 6.6 Accounting Standard AS-5 Revised
    7. Question Bank
  12. Chapter 7. Final Accounts of Companies
    1. 7.1 Meaning of Final Accounts
    2. 7.2 Preparation of Final Accounts
    3. Question Bank
  13. Chapter 8. Valuation of Goodwill and Shares
    1. 8.1 Valuation of Goodwill
    2. 8.2 Need for Valuation of Goodwill
    3. 8.3 Factors Affecting the Value of Goodwill
    4. 8.4 Components of Goodwill
    5. 8.5 Methods of Valuation of Goodwill
    6. 8.6 Part B—Valuation of Goodwill Advanced Problems
    7. 8.7 Valuation of Shares
    8. 8.8 Methods of Valuation of Shares
    9. 8.9 Different Categories of Equity Shares
    10. 8.10 Methods of Valuation of Shares—Other Methods Illustrated
    11. 8.11 Price–Earnings Ratio—(PE Ratio)
    12. Question Bank
  14. Chapter 9. Amalgamation, Absorption and External Reconstruction
    1. 9.1 Meaning
    2. 9.2 Types of Amalgamation
    3. 9.3 Accounting Treatment as per AS–14
    4. 9.4 Absorption
    5. 9.5 External Reconstruction
    6. Question Bank
  15. Chapter 10. Liquidation of Companies
    1. 10.1 Meaning and Salient Features of Liquidation
    2. 10.2 Order of Payments
    3. 10.3 Statement of Affairs
    4. 10.4 Statement of Deficiency or Surplus (List H)
    5. 10.5 Liquidator’s Final Statement of Account
    6. 10.6 “B” List of Contributories
    7. 10.7 Receiver for Debentures
    8. Question Bank
  16. Chapter 11. Internal Reconstruction
    1. 11.1 Need for Internal Reconstruction
    2. 11.2 Methods of Internal Reconstruction
    3. 11.3 Handling of Reconstruction Account
    4. 11.4 Balance Sheet after Reconstruction
    5. Question Bank
  17. Chapter 12. Holding Company Accounts
    1. 12.1 Holding Company
    2. 12.2 Subsidiary Company
    3. 12.3 Legal Requirements for a Holding Company
    4. 12.4 Consolidated Financial Statements
    5. Question Bank
  18. Chapter 13. Accounts of Banking Companies
    1. 13.1 Definition and Meaning of Bank, Banking and Banking Company
    2. 13.2 Forms of Business of Banking Companies
    3. 13.3 Classification of Commercial Banks
    4. 13.4 Important Legal Provisions of Banking Regulation Act 1949
    5. 13.5 Principal Books of Accounts
    6. 13.6 Registers
    7. 13.7 System of Banking Accounting
    8. 13.8 Preparation and Presentation of Final Accounts
    9. 13.9 Guidelines of RBI for Profit and Loss Account
    10. 13.10 Special Transactions
    11. 13.11 Provision for Non-performing Assets
    12. 13.12 Income Recognition
    13. 13.13 Guidelines of RBI for Preparing Balance Sheet
    14. Question Bank
  19. Chapter 14. Insurance Company Accounts
    1. 14.1 Meaning of Insurance
    2. 14.2 Principles of Insurance
    3. 14.3 Types of Insurance
    4. 14.4 Insurance Business in India
    5. 14.5 Accounts of Insurance Companies
    6. 14.6 Special Terms Relating to Insurance Accounts
    7. 14.7 Some Special Terms Relating to Insurance Business
    8. 14.8 General Insurance
    9. 14.9 Accounting Principles for Preparation of Financial Statements
    10. 14.10 Disclosures Forming Part of Financial Statements
    11. 14.11 General Instructions for Preparation of Financial Statements
    12. 14.12 Contents of Management Report
    13. 14.13 Preparation of Financial Statements
    14. 14.14 Accounting Principles for Preparation of Financial Statements
    15. 14.15 Disclosures Forming Part of Financial Statements
    16. 14.16 General Instructions for Preparation of Financial Statements
    17. 14.17 Contents of Management Report
    18. 14.18 Preparation of Financial Statements
    19. 14.19 Reserve for Unexpired Risk
    20. Question Bank
  20. Chapter 15. Double Account System
    1. 15.1 Double Account System
    2. 15.2 Final Accounts
    3. Question Bank
  21. Chapter 16. Cash Flow Statement
    1. 16.1 Cash Flow Statement
    2. 16.2 Cash Flow Statement—Preparation
    3. 16.3 Cash Inflow from Debtors
    4. 16.4 Cash Inflow from Trading Commission
    5. 16.5 Calculation of Cash Outflow on Purchases—Purchases include Both Cash and Credit Purchases
    6. 16.6 Cash Outflow on Expenses Incurred
    7. 16.7 Cash Flow Investing Activities
    8. 16.8 Cash Flow Financing Activities
    9. 16.9 Accounting Treatment of Special Items
    10. 16.10 Important Steps (Stages) in the Preparation of Cash Flow Statement
    11. 16.11 Some Important Hints
    12. Question Bank
  22. Acknowledgements
  23. Copyright